October 28, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘15 376’0 -4’0 NC ‘15 344’0 +1’0
Mar ‘16 386’0 -3’6 Dec ‘15 354’0 +5’0
May ‘16 392’2 -3’6 Jan ‘15 349’0 -4’0
Jul ‘16 396’4 -4’2 Feb ‘15 352’0 -3’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Nov ‘15 881’4 -9’6 NC ‘15 820’0 -9’0
Jan ‘16 882’6 -8’2 Dec ‘15 820’0 -9’0
Mar ‘16 886’4 -7’0 Jan ‘15 822’0 -8’0
May ‘16 891’6 -6’0 Feb ‘15 827’0 -7’0

 

Weaker markets again today on improved weather conditions and harvest progress.

Wheat pressured as rains are expected across the central and southern Plains thru Sat.

Rains are also forecasted across the dry regions of northern Brail with 1-2” possible.

Soybean export news was thought to be improving but no fresh news the last few days.

Crude oil sharply higher as weekly build came in lower than expected; lower imports.

So much for the concern over selling crude oil out of our reserves in future years!

The Dow was up 198 points and now @ 17,700

The Federal Reserve kept rates unchanged, but put a rate hike firmly on the agenda for December meeting

Weekly ethanol production dropped .74% from last week, up .75% from a year ago.

Ethanol stocks dropped 3.2% from last week but up 7.2% versus a year ago.

Corn consumption estimated @ 99.1 mb, needs to average 100.8 mb to reach goal.

Daily price limits change on Nov 2nd: corn @ .25 c/bu, beans @ .60 and wheat @ .35.

24 hour precip maps show 1.5 – 2.0” of rain in E IA; 2-4” rains in S IN and SW OH.

 

October 28, 2015